Earnings skyrocket at Total

French oil major Total is enjoying the impact of recent years of cost reductions as well as a stabilized oil price. The profit grew 29 percent.

In this year's third quarter, France's Total cashed in on recent years of cost reduction efforts and divestments of oil and gas fields with excessive extraction costs.

The future owner of Maersk Oil announced its third quarterly result today, which rose 29 percent in relation to the same quarter last year. The group's adjusted net result now comes to EUR 2.67 billion for the third quarter.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs